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The states won by President Donald Trump in the 2016 election are likely to lose the most, with a trade war between the United States and China beginning, according to Citigroup research.
US and Chinese tariffs after months of laying by both countries. Last March, Trump threatened to impose tariffs on all steel and aluminum imports into the United States, to which China – as well as other trading partners – threatened to retaliate.
range that investors evaluate the impact of tariffs on corporate profits and global economic growth. The S & P 500 index has traded in a 7.5% range since March. Since May, the S & P 500's range has tightened further, while the overall index has been hovering around 5.4%.
"US foreign trade stocks turn around, risking a reduction in world trade". "US tariffs on imported goods are designed to encourage a rebalancing of trade that benefits US domestic firms and exporters.The goal of the Trump administration to open closed markets and to Establishing reciprocal trade exchanges abroad has alternatively received reciprocal retaliation tariffs and complaints to the WTO. "
" The monetary value of the United States and reciprocal tariffs is nominal It could degenerate into a trade war that would reduce global, and therefore American, trade, "she said.
Trade tensions also increased before the mid-term elections in November, when Democrats seem ready to win seats in the House. Economies requiring retaliatory action openly target the goods produced in "red" states and the sectors that the president defends, as well as the states represented by key congressional actors, including majority and minority leaders in the House and Senate. Senate. As a result, the intensity and duration of trade disputes may be calibrated by voter sentiment prior to the mid-term elections, "said Peterson.
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